If the invoice rasied is for software development to an overseas compnay, can they pay in equivalent Indian Rupees? Can this payment originate from an Indian bank ?
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Payment of Invoice
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| Originally posted by : Archana | ||
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If the invoice rasied is for software development to an overseas compnay, can they pay in equivalent Indian Rupees? Can this payment originate from an Indian bank ? |
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if the foreign company have agent/ branch in india, then yes they can. usually invoices are raised in foreign currency, and remittence comes in forex, indian banks encash them at international banking divisions.
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